Current Market Snapshots

January 19, 2021

Capital Flows Keep Pricing Elevated

January 2021:

We said goodbye to 2020 on a high note. Loan sales closed in December totaled ~$220MM in UPB across 49 offerings on behalf of ten separate bank clients. The trade rate was a superb 92%. As in previous months, hospitality led the way…

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December 14, 2020

Market Dynamics Remain in Seller’s Favor

December 2020:

November continued the momentum from October. DebtX sold $67MM for five clients. Twelve of fourteen sales offerings closed, an 86% trade rate. We bid another $120MM the first week of December. An additional nine sale offerings totaling ~$130MM…

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November 13, 2020

Accelerating Deal Flow and Robust Demand

November 2020:

October was a strong start for the fourth quarter, with ~$190 million sold for four clients. Included were small balance performing loans, non-performing and “scratch-and-dent,” high-touch performing loans along with a handful of more sizable one-offs.

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October 20, 2020

Pricing Remains Surprisingly Strong

October 2020:

September marked the end of a busy quarter. Sales totaled approximately $400MM for 14 clients with an average offering (loan or pool) balance of $7MM. Hospitality and healthcare loans accounted for ~65% of the volume, followed by…

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September 21, 2020

Heavy Volume Met With High Demand

September 2020:

August was an extraordinarily busy month. Loan pricing volume exploded, and we bid $185MM throughout the month. Eight separate clients were represented in these sales and 38 of 42 sale offerings closed, resulting in a trade rate of 90.5%.

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August 18, 2020

The Tsunami Approaches-
Hotel Loan Sales Surge

August 2020:

It was difficult to generate a headline to best describe the last 30 days in our market. Outside looking in, sale results appear strong, and we have lots of conversations with buyside participants about how well pricing is holding up. While this is all true…

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June 15, 2020

What a Difference a Month Makes

June 2020:

We entered May 2020 cautiously optimistic, albeit with a fair amount of trepidation. We had closed ~$200MM in loan sales for 15 banks since the Covid-19 shutdown, and were well beyond the panic public market credit selling of late March and early April.

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